Alliance Bank Malaysia Berhad (“Alliance Bank” or the “Bank”) today announced a strategic collaboration with MyTaman, a smart community security app, to expand the reach of the Bank’s Visa Virtual Credit Card (“VCC”) with Dynamic Card Number (“Dynamic Card Number”). The partnership aims to empower 150,000 MyTaman users with a safe and convenient solution to manage their finances digitally at their fingertips, offering them the flexibility to conduct online transactions with greater peace of mind.
The collaboration between Alliance Bank and MyTaman brings together two frontrunners in their respective fields. Alliance Bank's Visa VCC is powered by cutting-edge technology and digital innovation to offer users a secure and flexible way to transact online. Similarly, MyTaman enhances community management through digitalisation, offering a seamless experience for residents. The app simplifies property handover processes and features a cloud-based visitor management system for increased security and convenience. This partnership signifies a synergy between advanced technologies, empowering individuals to manage their payments securely while fostering a more streamlined community experience.
Ms Gan Pai Li, Group Chief Consumer Banking Officer of Alliance Bank, said: “MyTaman is a unique, leading smart community app that has revolutionised the way residents interact with their living spaces. With over 150,000 users across more than 350 housing projects, the app offers essential features such as a virtual panic button and a comprehensive visitor management system, ensuring safety and convenience for all. Their end-to-end support for property developers, from construction to vacant possession, sets them apart in the market. The integration with our Virtual Credit Card further elevates MyTaman’s offering by providing users with cash advance services, bill payments, and enhanced security features such as freezing and deleting cards, as well as enabling one-time use capabilities for their e-commerce purchases.”
“With this virtual credit card, MyTaman users can now effortlessly manage and pay their maintenance fees, rental charges, and subscriptions to popular platforms such as Netflix from the comfort of their own homes. This integration marks a significant step forward in our mission to deliver exceptional service and convenience to MyTaman users,” Gan added.
Echoing the same sentiment, Mr Benjamin Lim, CEO of MyTaman, said: “We see value in partnering with Alliance Bank, as they are committed to innovation and continuous improvement to better serve communities. Through this partnership, MyTaman gets to provide a Virtual Credit Card to the MyTaman app users. The Alliance Bank VCC streamlines the payment process and offers the added benefit of extra credit, ensuring users have the financial flexibility they need to manage their expenses efficiently.”
“Additionally, Alliance Bank VCC users via the MyTaman app will benefit from MyTaman reward points. Powered by blockchain technology, this much-anticipated feature is slated for rollout soon in the coming months,” Lim added.
The first 100 MyTaman app existing users who sign up for the Alliance Bank Visa VCC will be entitled to a ‘Buy 1 Get 1 Free’ promotion on beverages from One Afternoon Café located at Atria Shopping Mall, Damansara when using the VCC DuitNow function. Additionally, the first 100 new customers of MyTaman app are entitled to receive a complimentary beverage from the same participating partner upon presenting their VCC via the MyTaman app. Both offers are valid from 6 June 2024 till 6 July 2024.
This latest partnership builds on the momentum of strategic partnerships that Alliance Bank has forged since the launch of VCC in April 2023 to expand its reach. Its partnerships with MCash, Dentalmall, WOW Fintech, RedOne and Virtualflex reflect the Bank’s focus on continuous digital transformation to deliver unique solutions to customers. The Bank has since registered a 60% increase in its credit card user base since the introduction of VCC.
The Alliance Bank Visa VCC is the country’s first such credit card with an in-app Dynamic Card Number feature that generates a randomised single-use 16-digit number for every online transaction including e-commerce, subscription and streaming services. The VCC is also ESG-friendly as it is cardless and thus, reduces the use of resources. The fully online application process is fast and simple, with digital submission of supporting documents such as EPF statements or salary slips.
For more information on this collaboration or the Bank’s products and services, please visit https://www.alliancebank.com.my.
